Anthropic’s so-called tokenized “shares” on the Solana network have suffered a 35% price drop in the past 24 hours. The collapse came after Claude’s creator, an artificial intelligence company, issued a warning about the invalidity of digital representations that were not approved by the board of directors.
Tokenized asset price Decrease from $1,409 to $895as seen in the graph below.
In its legal aspects section, the company emphasized that “any sale or transfer of Anthropic shares or interests therein without the approval of the board of directors is void.” This means that buyers of these tokens have no real legal rights against the company.
PreStocks Market is a platform that tokenizes the shares of private companies before they go public. This process is part of real-world asset tokenization (RWA), which consists of converting traditional physical or financial assets into tokens within a cryptocurrency network, as explained in Criptopedia, the educational section of CriptoNoticias.
In addition to the antropics, The platform claims to provide access to tokenized versions of other well-known companies’ “pre-shares”. Available companies include SpaceX, OpenAI, Anduril, Neuralink, Kalshi, and Polymarket.
These products are typically backed by exposure to special purpose vehicles (SPVs), which are set up for the sole purpose of bringing together investors to purchase shares. Anthropic strongly rejected these financial structures. “We do not allow SPVs to acquire Anthropic shares, and under our restrictions, any transfer of shares to an SPV is void,” the technology company said.
The company’s warning suggests that tokenized products circulating on networks like Solana may lack legal value. Transfers to SPVs that supposedly support tokens are null, so If the ultimate buyer acquires an asset that the parent company refuses to register..
For clarity, Anthropic published a list of eight companies that do not have permission to control stock. Platforms marked as unauthorized are Open Door Partners, Unicorns Exchange, Pachamama, Lionheart Ventures, Hiive, Forge, Sydecar, and Upmarket. “Any sales proposed by these companies are void and will not be recorded on our books and records,” the group said.
In addition to the lack of legal validity, the virtual currency market has introduced price distortions to companies’ financial realities. Marcin Kazmierczak, COO of RedStone Oracles, gave his opinion on this issue and pointed out that the price of PreStocks market is falling. hinted at an unreasonable evaluation of the company.
Kazmierczak said Anthropic closed its latest funding round at a valuation of $380 billion, but the tokens were trading as if the company were worth $1.3 trillion. This was equivalent to a price four times the actual market price.
“The price on the network was actually four times the latest negotiated price,” the executive explained. Kazmierczak emphasized that these illiquid assets require primary sources and sanctioned operations, rather than relying solely on speculation in a decentralized environment.
This situation leaves holders of these assets in a vulnerable position. “If someone approaches you with the possibility of participating in an investment in Anthropic, even indirectly, please assume that it is void,” the company said, closing the door on ownership claims.
(Tag Translation) Altcoin
